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Chasing Steamers

If you are looking for easy money, go elsewhere!

Pinnacle Steamers are telegram channels with instant notifications for price drops at Pinnacle. The bot will send a message whenever odds drop significantly for matches starting within 24 hours.

The associated betting strategy Chasing Steamers is explained further below.

Supported markets are moneyline, spread and totals and an alert will look something like this.






IMPORTANT! Bet365 data has been added just for reference as it is a main book that a lot of people use. However you can use whatever bookmaker you’d like (not just bet365)!

Join the free demo channel Pinnacle Steamers (Demo) and use it for as long as you like!

The demo feed contains all sports with all features enabled, but the content is limited.

To consume an uninterrupted, ad-free feed with all selections please subscribe to one of my PREMIUM channels.






Various Sports channel includes: Volleyball, Ice Hockey, Aussie Rules, Badminton, Baseball, Beach Volleyball, Cricket, Darts, Football, Futsal, Handball, Mixed Martial Arts, Rugby League, Rugby Union, Snooker, Table Tennis.

All Sports package grants access to all 4 premium feeds (Soccer, Basketball, Tennis & Various Sports).

The PREMIUM feeds offer exceptional value for the quality you get and are priced very cheaply. In fact using the outlined strategy below only three (3!!!) €50 bets would cover your monthly sub fee.

There are multiple ways you could take advantage of the feeds, most importantly value betting or arbing.

A popular value betting strategy would be Chasing Steamers which I will discuss in detail below.



An applied, real world strategy to generate profits from betting markets.

Current profit is +€28,543.20 from €218,350.00 staked. +13.07% ROI. Track all bets live here Steamers Bets (updated November 27th, 2023).



Chasing Steamers is a highly effective yet simple strategy to exploit bookmakers’ mispricings. It’s very similar to the well-known #WisdomOfTheCrowd strategy explained in full here The Wisdom Of The Crowd by @12Xpert

Both use efficient market hypothesis, but what we are specifically looking for in the steamers-strategy is delays in price updates by various bookmakers.

We use Pinnacle Dropping Odds feeds (see above) to receive instant notifications when a price drops significantly. We choose Pinnacle as our reference book as price updates are driven by volume, i.e. information is expressed in money staked.

In other words: If a price drops significantly more information has become available.

We can now check if our bookie has already adjusted for the price change. If not, happy days, we’ll get on!

Ok, enough of the theory. Let’s look at a real-world example…



On the steamers @telegram channel we received the following alert.


In this particular case the odds for Union Magdalena dropped from 1.847 to 1.500!

The large drop is the result of someone placing multiple limit-bets at Pinnacle, meaning more information has become available about this particular event.

We now have to check if the bookmaker at our disposal has yet adapted for the price change.

In this particular case my bookie was slow and still had 1.75 available for an Union Magdalena win. This means the bookmaker has not yet adjusted for the price change.

Note the ‘odds-to-beat’ price at 1.567 which is the absolute minimum price I need to get to turn a profit!

I personally stick with the 10%-value price, which represents the price that would theoretically yield a 10% ROI in the long-run. I think it’s important to add a bit of a cushion to the otb price to compensate for possible drifts which usually happen immediately after the price cut (due to arbitrage bettors).

Hence I make sure to get at least 1.724.

1.75 vs 1.724 is fine and a definite bet for me in this example.

IMPORTANT! THE BETS MUST NOT BE PLACED AT PINNACLE. After the price drop it’s too late and the value is gone at Pinnacle.



Selections can arrive 24/7, but they are not evenly distributed across all weekdays. Weekends are busier, so are morning and afternoon hours.

I.e. on a Saturday you can expect an average of 113 selections hitting your @telegram inbox (across all sports)!


I.e. you can expect 111 basketball alerts in one week!

So if you want to make the most of your time you could skip weekdays completely and focus on weekends (Fri – Sun make up for 70% of all picks).


All my bets can be tracked at this spreadsheet Steamers Bets

Please note that these are my PERSONAL bets that I place at my local bookmaker using the Pinnacle Steamers feed. There is no guarantee that you can replicate these. In fact you will likely have a different set of bets depending on what bookmaker you use and what markets are available to you.

However this spreadsheet should give you a rough idea what’s possible. If you make sure to bet only above the 10%-value price you will be profitable in the long run.

Please note that I have a very effortless approach to this. Very often the market is not available at my bookmaker, sometimes I’m too late and the odds have already moved, sometimes I just don’t have the time to place the bets. You will likely experience similar issues yourself.

Don’t beat yourself up if you miss out on a bet or two. There are literally thousands of opportunities per year. In fact you can expect over 12000 bets across all channels per year.

Placing only a very tiny subset of the selections can be very rewarding and will pay for much more than your sub fees.



Don’t judge your bet record too early!

Variance plays a huge role in sportsbetting and even samples over a few hundred bets are often meaningless if you consider the actual profits only.

The way to judge your bets is via clv (closing line value). This is an important concept to understand! I have written an article on this subject available on my homepage How Good Is A Betting Tipster

Closing line value (CLV) is a measure of the value of a bet at the time it is placed compared to the closing odds. You can calculate it by comparing the odds you received when you placed your bet to the final odds when the event starts. If the odds you received were better than the closing odds (+ margin), then the bet has positive CLV. If the odds you received were worse than the closing odds, then the bet has negative CLV.

You don’t usually need a very large sample if you use clv. I’d say 100 bets is sufficient.


The clv metric is also available in the stats section of the spreadsheet. This is what we are monitoring (and not the actual profits).









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